The government provides special tax incentives on savings specially earmarked for retirement.

Question

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The government provides special tax incentives on savings for retirement in order to encourage people to save for their future. This includes programs such as individual retirement accounts (IRAs) and 401(k) plans, which offer tax benefits for contributions made to them. These tax incentives can help individuals save more money for retirement and also reduce their tax liability.

The Government Provides Special Tax Incentives on Savings Specially Earmarked